What is the Hybrid Pension (DB + DC) Retirement Calculator?
The Hybrid Pension (DB + DC) Retirement Calculator helps you plan retirement when your income comes from a mix of guaranteed Defined Benefit pensions and flexible Defined Contribution savings. It shows how these sources work together alongside ISAs, other investments and the State Pension to fund retirement sustainably.
How the Calculator Works?
This calculator models your retirement finances year by year in real terms, meaning all figures are adjusted for inflation to reflect today’s spending power.
It separates guaranteed income from flexible income. Defined Benefit pensions provide a stable, inflation-linked income base, while Defined Contribution pensions, ISAs and other investments are drawn down as needed to meet spending. The model applies UK tax rules and shows net income after tax rather than headline figures.
If you retire before DC pensions are accessible, the calculator automatically models a bridge period using ISAs and other accessible assets. Once pensions and the State Pension begin, it shows how reliance on drawdown reduces over time.
You can test different retirement ages, spending levels and drawdown strategies to see how robust your plan is.
Step One: Enter Your Pensions and Assets
Add your Defined Benefit pension details, Defined Contribution pots, ISAs and other investments, along with expected access ages.
Step Two: Set Retirement Timing and Spending
Choose your retirement age, spending level and drawdown approach, including how tax-free cash is taken.
Step Three: Review Income Mix and Sustainability
See how guaranteed income and drawdown interact over time, review net income, pot balances and bridge period coverage.
Disclaimer: This calculator provides illustrative projections only and does not constitute financial or tax advice. Pension scheme rules, tax rates and personal circumstances vary. Always check scheme documentation and consider professional advice.
What does retirement mean to you?
Traditional retirement is broken. Understand how our calculator enables you to live a better life now vs later.
Retire from corporate work?
Use the tool to utilise how you can step away from the corporate world and live life on your own terms.
Work less, live more
See how part-time or project-based work can bridge your income gap while giving you more time for life.
Freedom through planning
Understand how your savings, spending and investments can work together to buy back your time.
Test-drive retirement early
Model scenarios that let you experience elements of retirement before fully stepping away.
What is the Hybrid Pension (DB + DC) Retirement Calculator
It is a UK-specific tool that models retirement using both guaranteed DB income and flexible DC drawdown, showing how they combine to fund retirement sustainably.
What is a hybrid pension situation?
It means part of your retirement income is guaranteed (DB) and part depends on investment performance and drawdown (DC, ISA, GIA).
Why is modelling DB and DC together important?
Because DB income reduces the amount you need to draw from investments, significantly improving retirement sustainability.
Does this include tax-free cash from pensions?
Yes. You can model taking up to 25% tax-free, either as a lump sum or spread over time.
How are withdrawals taxed?
The calculator applies UK income tax rules to taxable income and shows net income after tax.
Can I retire before my DC pension access age?
Yes. The calculator models a bridge period funded by ISAs and other accessible assets.
Does it include the State Pension?
Yes. The UK State Pension is included and starts at the age you specify.
Are returns shown in today’s money?
Yes. All projections are inflation-adjusted to show real spending power.
Can I compare different scenarios?
Yes. You can run side-by-side scenarios to compare retirement ages, spending levels and assumptions.
Is my data stored?
No. All calculations run locally in your browser and no personal data is saved.
Can I export the results?
Yes. A CSV export is available with full year-by-year projections.